All Commentary
Wednesday, July 27, 2011

Patents Suspected of Stifling Innovation

“Patents have been popping up in the news quite a bit over the last few weeks. As the economy continues to stumble along, companies and investors are working even harder to find ways to make a profit. This includes enforcing their patents. And these patent enforcement efforts have ensnared technology companies both large and small…. Enter, the National Public Radio program ‘This American Life,’ which broadcast a report Sunday on ‘patent trolls,’ companies that do not produce the products for which they hold a patent but sue other companies once they eventually do.” (Washington Post)

What could be more anti-innovation?

FEE Timely Classic
“Do Patents Encourage or Hinder Innovation? The Case of the Steam Engine” by Michele Boldrin, David K. Levine, and Alessandro Nuvolari